Original link: https://www.latepost.com/news/dj_detail?id=1204
Ideal to join the financing army
Li Auto, whose stock price doubled in one month, threw out a financing plan of up to US$2 billion on June 29, and the number of additional shares was equivalent to 5.2% of Lili’s outstanding shares. New share offerings and subscriptions will be limited to the United States. Proceeds will be used to research and develop next-generation electric vehicle technology, develop and manufacture future models, and supplement working capital.
The first quarterly report released by Ideal not long ago showed that as of March 31 this year, its book cash was about 32 billion yuan, and there was another 16.47 billion yuan worth of short-term investments, totaling about 48.4 billion yuan, which is less than Weilai (494 yuan). 100 million yuan), more than Xiaopeng (35.2 billion yuan).
In August last year, Ideal was listed on the Hong Kong stock market and raised 11.1 billion yuan. A month later, NIO announced plans to increase its plans by $2 billion. Later, startups such as Nezha Automobile and WM Motor, as well as new energy projects incubated by traditional car companies such as Changan New Energy and Chery New Energy, successively announced the completion of tens of billions to 10 billion yuan in financing. Ideal is now joining this round of financing again.
The electric vehicle industry is one of the industries that burns the most money and attracts the most money in the past few years. According to the statistics of Qichacha, the disclosed financing amount of the domestic electric vehicle industry in 2021 alone will exceed 300 billion yuan. The lively investment and financing trend continues to this day. In addition to the financing of OEMs, in February this year, Yiwei Lithium Energy, an upstream company in the industry, announced a fixed increase of 9 billion yuan. This month, CATL announced a fixed increase of 45 billion yuan.
In the context of interest rate hikes, money in the stock market is first come, first served. (Gong Fangyi)
Itinerary cards no longer carry stars
The Ministry of Industry and Information Technology announced on June 29 that the “Communication Itinerary Card” led by it will no longer be marked with an asterisk in the upper right corner of the place of visit:
In order to resolutely implement the general strategy of the CPC Central Committee and the State Council on “foreign import, internal defense rebound” and the general policy of “dynamic clearing”, support the efficient coordination of epidemic prevention and control and economic and social development, and facilitate the travel of users, the communication itinerary card will be cancelled from now on. “Asterisk” mark.
- The full name of the itinerary card is “communication big data itinerary card”. It is a free itinerary inquiry service jointly launched by China Academy of Information and Communications Technology, China Telecom, China Mobile and China Unicom under the guidance of the Ministry of Industry and Information Technology. ) and domestic cities where you have stayed for at least 4 consecutive hours.
- It uses carrier base station data to locate users.
- The itinerary card and health code are to a certain extent “passports” for China’s inter-province after the outbreak of the new crown epidemic, and a negative nucleic acid certificate must be added during the local epidemic.
- If a user’s itinerary for the past 14 days has a city with a medium to high risk area, the city will be marked with an asterisk in the upper right corner of the itinerary card.
- Although the asterisk on the itinerary card does not mean that “the user has actually visited these medium and high-risk areas”, it will still be regarded as “actually visited” by the epidemic prevention personnel in many areas, and then the epidemic prevention measures will be upgraded. (Gong Fangyi)
In the next three years, “JD.com” will continue to appear in the first-level entrance of WeChat
- On June 29, JD.com announced on the Hong Kong Stock Exchange that it had renewed its strategic cooperation agreement with Tencent for a period of three years.
- Tencent will continue to provide JD.com with significant primary and secondary access portals on WeChat to provide traffic support; as part of the total consideration, JD.com will issue a certain number of Class A ordinary shares to Tencent over a three-year period, with a maximum consideration of 2.2 One hundred million U.S. dollars.
- JD.com and Tencent signed a 5-year cooperation agreement in 2014. In addition to providing first-level access to WeChat and QQ, Tencent has also begun to cooperate in online payment and other aspects. In this transaction, Tencent acquired about 15% of JD.com.
- In 2019, the two parties renewed the three-year contract. Tencent continued to provide JD.com with prominent primary and secondary entrances on the WeChat platform, and JD.com issued a certain number of Class A ordinary shares to Tencent at a consideration of over US$250 million.
- In 2018, JD.com mentioned that the role of WeChat is very important, bringing 1/4 of new users to JD.com. In 2020, Jingdong started the Jingxi business for the sinking market, and also used the WeChat entrance. However, since the beginning of this year, Jingxi has been rumored to have contracted its business. (Lin Guangying)
Weilai is accused of fictitious income from battery swap services
The short-selling agency Grizzly Research released a short-selling report on NIO on June 28. The core logic is as follows:
- Weilai, Ningde Times, Guotai Junan and Hubei Science and Technology Investment Group jointly established Wuhan Weineng Battery Assets Co., Ltd. Weilai holds 19.8% of the shares.
- Weilai has two models for selling cars: with batteries, and without batteries, on a monthly lease (BaaS). In the latter mode, Weilai sells batteries to Wuhan Weineng and cars to consumers. Consumers then pay Wuhan Weineng.
- Because the battery life is five to seven years, and the battery lease fee is charged monthly, Grizzly Research believes that NIO should not include the battery revenue sold to NIO in the current statement at one time. This is the core argument of Grizzly Research’s accusation of NIO’s fictitious revenue.
- In the 2021 NIO annual report, the 4.138 billion yuan sold to Wuhan Weineng is indeed included in the sales revenue of related parties.
- But when it finally announced its annual revenue, Weilai did not count this revenue.
NIO said the short-selling report was worthless and contained numerous errors, unsubstantiated speculations and misleading conclusions and explanations about the company. Shares closed down 2.2% on the day the report was released. (Gong Fangyi)
The iPhone is fifteen years old on release date
- Apple released the iPhone on January 9, 2007, and the official launch was on June 29 of that year. The iPhone is now fifteen years old.
- A report from Asymco’s Horace Dediu shows that the cumulative global iPhone sales exceeded 2 billion units at the end of the third quarter of last year.
- In the past fifteen years, mobile phones have become almost the same, and the market leaders have changed, Xiaomi, OPPO, vivo have replaced HTC, Nokia, BlackBerry, Motorola, etc. With the iPhone contemporaries only Samsung still enjoys global competitiveness.
- Apple has long since become an iPhone company, with a triple jump in market value and a standing of over $3 trillion. If inflation is not counted, there is no precedent, and there may not be a follower. Its success also allowed Buffett to be recognized as a stock god by the impetuous market when he was in his 90s. Today Apple is Buffett’s number one holding.
- Needless to say, the Internet came to everyone with the iPhone and the accompanying wave of mobilization. A batch of start-up companies with a market value of tens of billions and hundreds of billions of dollars started because of it. Monopoly disputes ensued, just as the world feared Microsoft two decades ago. (Gong Fangyi)
Volkswagen says it can overtake Tesla by 2025
- Volkswagen Group CEO Herbert Diess told employees at Volkswagen headquarters in Wolfsburg on Tuesday that Musk was now busy managing two highly complex new factories and expanding production at the Shanghai plant, which Volkswagen wanted to seize. Live this opportunity to quickly catch up, and by 2025, it can become the world’s largest electric car company.
- This is in stark contrast to the attitude a month ago. Diess admitted at the time that it would be difficult to overtake Tesla in 2025, but mainly because its rivals were developing too fast. Volkswagen sold 453,000 electric cars last year and aims to reach 2.5 million by 2025; Tesla delivered 936,000 last year, and the market is expected to reach 4 million by 2025. At present, the main problem of the two companies is that the production capacity cannot keep up with the demand.
- Diess, however, believes that Tesla is weakening. Last week, Musk said the Texas and Berlin factories are “melting pots” facing supply chain shortages with little output. By contrast, Diess told employees that Volkswagen’s power plant in Zwickau was operating at full capacity after a brief shutdown, and that the Chinese plant has also resumed production, so the gap will narrow this year.
- There are more optimistic forecasts. A report released this month suggested that Volkswagen could overtake Tesla by 2024. The basic reason is that Volkswagen has more than a dozen brands that can sell electric vehicles at different prices and positioning, including the Audi e-Tron, the Volkswagen ID.3 compact car, the Porsche Taycan, and more. Tesla’s limited models make it difficult to cover most users.
- In addition, Volkswagen seems to have enough determination and money to invest in electric vehicle transformation. For example, the price of batteries is the key to the competitiveness of electric vehicles. Volkswagen is preparing to invest more than $30 billion in the battery supply chain, including the opening of six new battery factories in Europe, and a North American factory is also planned.
- Volkswagen will also build a new “gigafactory” near its German headquarters, and the Audi pure electric car factory in Changchun, China has also started recently. In addition, it announced at the beginning of the year that it will cooperate with Bosch to develop an autonomous driving system , and this week, it announced that it will cooperate with Siemens to build a charging network in North America. (Lin Guangying)
OTHER NEWS
Boss Direct Hire, Yun Man Man, and Truck Gang will resume new user registrations from now on.
Manbang announced through its official Weibo today (June 29) that with the approval of the Cyber Security Review Office, the registration of new users of “Yunman” and “Truck Gang” will be resumed from now on; Boss Zhipin also announced on the same day that the same day to resume new user registration. Both started suspending new user registrations in early July last year.
Shanghai Disneyland will reopen tomorrow, and it will be full for the next week.
Shanghai Disneyland will reopen tomorrow (June 30) with limited traffic. Tickets will be on sale today, and visitors can reserve an entry date within 30 days at most. The appointment page shows that the appointment is full from June 30 to July 5. According to CCTV news, from July 1st, museums, art galleries, and all A-level tourist attractions in Shanghai will be gradually opened across the city, and cinemas and performance venues will be gradually opened from July 8th. At present, 67 of Shanghai’s 134 A-level tourist attractions have reopened.
New Moutai ice cream stores were established in Xi’an and Nanjing, and the number of offline stores increased to 4.
On June 29, Moutai opened two new ice cream stores in the ancient cities of Xi’an and Nanjing. The self-operated e-commerce company “i Moutai” also simultaneously sold ice cream to Shaanxi and Jiangsu provinces. Previously, Moutai Ice Cream opened two stores in Zunyi Moutai International Hotel in Guizhou and Vientiane Hui in Guiyang. In July, it will open stores in Shenzhen, Hangzhou, Changsha, Guangzhou and Wuhan one after another. Moutai ice cream offline sells 39 yuan for a single ball; online single box (75g / 78g) price is 59 yuan to 66 yuan.
After the international oil price exceeded US$130 per barrel, domestic refined oil prices were suspended for two months.
The National Development and Reform Commission announced on June 29 that when the international oil price exceeds US$130 per barrel, domestic refined oil prices will not be raised for the time being (for no more than two months) to reduce the burden on consumers and the real economy. The announcement mentioned that the proportion of China’s oil production exceeds 70%, and the price of domestic refined oil is adjusted every 10 days according to the international crude oil price. The current international crude oil price is about 110 to 120 US dollars per barrel.
Audi China’s first pure electric vehicle factory started construction, with an annual output of 150,000 vehicles, which will be put into operation by the end of 2024.
Audi has started construction of its first pure electric vehicle factory in China recently. It is located in Changchun, Jilin Province. It only produces electric vehicle models. It is expected to be put into operation by the end of 2024, with a planned annual output of over 150,000 vehicles. Audi FAW New Energy Vehicle Co., Ltd. was also established at the same time, which is Audi’s first joint venture in China with a majority stake. Audi will sell 727,000 units in China in 2021, accounting for about 43% of global sales; global sales of electric vehicles will be about 82,000 units, a year-on-year increase of 57.5%.
Sony targets PC gamers with high-definition monitors and noise-cancelling headphones.
Sony has launched its Inzone gaming rig, which includes two 27-inch monitors and three gaming headsets, priced at $529 and $899 for monitors, and $99 to $299 for headsets. According to reports, Inzone uses Sony’s high-quality display and audio technology, which can make players more immersed in the game. Sony said that eSports gaming is growing rapidly and hopes to catch up with the trend. It mentioned last month that many people still prefer traditional ways of playing like PC games.
Two new A shares went public today, China UAV rose 56%, and Xinbang Intelligent rose 113%.
A shares Two new shares were listed on June 29. AVIC (Chengdu) Unmanned Aerial Systems Co., Ltd., which manufactures large-scale unmanned aerial vehicles, issued 32.35 yuan per share, closing up 55.89%; Guangzhou Xinbang Intelligent Equipment Co., Ltd., which produces industrial robots The issue price of the limited company was 27.53 yuan per share, up 113.44%.
Asian high-yield bond investors turned to India and Southeast Asia.
High-yield Asian bond investors are turning to India and Southeast Asia, according to media reports. Chinese real estate bonds have been lucrative before, but they have fallen by nearly 27% this year due to a string of defaults. In contrast, Indian bonds are down 11% this year and Southeast Asian high-yield bonds are down 7.2%. This year, the overall issuance of US dollar bonds by Asian high-yield companies has decreased by 86% year-on-year, and the proportion of issuance by Chinese companies has dropped to 61%.
Singapore plans to invest 40 billion US dollars to build the world’s largest automated port.
Singapore is promoting a new port project, with plans to invest $40 billion to build a giant automated port by 2040, doubling its current capacity; it will also be equipped with drones and driverless cars, use software to track and coordinate cargo movements, and switch to electronic Bill of lading to verify cargo for efficiency and more. Since the outbreak, ports have become a major bottleneck for global shipping, including shortages of workers and trucks. Singapore is currently the world’s largest transshipment center.
BA.4 and BA.5 have become mainstream strains, and the daily number of new cases in Singapore has risen to the highest since March.
Due to the spread of new variants of Omicron BA.4 and BA.5, Singapore on Tuesday (June 28) added 10,732 local infections and 772 imported cases, the highest number of infections since March 22- — BA.2 was popular at the time. Hospitalizations have been relatively stable, with 437 patients hospitalized as of noon Tuesday, nine in intensive care. The government said on Monday that it would not rule out tightening restrictions again, although it was not expected to do so. Singapore began easing restrictions in April, including lifting quarantines for vaccinated arrivals.
Manufacturing and retail services rebounded, and Vietnam’s GDP growth in the second quarter exceeded expectations.
According to official data, Vietnam’s gross domestic product (GDP) grew by 7.72% year-on-year in the second quarter of this year, and the growth rate returned to its pre-pandemic level, partly because of the low base last year. In the first six months of this year, the export value of goods was about 185.94 billion US dollars, a year-on-year increase of 17.3%; according to the Vietnam Textile Association, both textile and clothing exports reached new highs. The government said that manufacturing, exports, and service industries are all recovering, and it is expected that GDP will continue to grow at a high rate in the second half of the year, but it will face inflationary pressures.
Rising costs more than expected, LG New Energy reconsidered building a new battery plant in the United States.
LG New Energy (LGES) is reassessing plans for a $1.3 billion Arizona factory, possibly due to rising construction material and labor costs, according to media reports. It is said that LGES will discuss with customers how to absorb the increase in battery costs before deciding whether to build them; however, the three U.S. factories in a joint venture with General Motors will proceed as planned. LGES currently has a global electric vehicle battery share of over 20%, second only to CATL, and has factories in North America, Indonesia, Poland and other places.
Tesla laid off 200 temps in its self-driving division and turned to hiring in cheaper areas.
According to media reports, people familiar with the matter revealed that Tesla recently disbanded an autonomous driving team in California and fired nearly 60% of its employees, about 200 people, all temporary workers, responsible for marking the Autopilot (autonomous driving function) data of users’ vehicles, to Train the system further. Musk said last week that he would lay off about 10% of his full-time workforce, but would add temporary workers. Tesla is said to be expanding its Autopilot data labelling team in Buffalo, where the hourly wages are lower.
Hermès launched a new “Made in France” bicycle, priced at 160,000 yuan.
Hermès launches new pedal bike, inspired by Japanese compact bikes, with aluminum body and light brown leather saddle, hot-stamped “Hermes Paris” logo on the saddle; weighs about 11 kg and is height-adjustable; current official website price $23,600 with free shipping. Hermès launched its first bike in 2013, priced at about $10,000; LV will launch a bike in 2021 for about $29,000.
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The title picture comes from the movie “The Wolf of Wall Street”
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